Freestanding Office
For Sale
$320,000
5208 4th St NW, Albuquerque, NM 87107
Office property with a lobby, private offices, support rooms, and on-site parking along a retail corridor.
Property Size1,680 SF
Price / SF$190.48
Days on Market48
Property Features for 5208 4th St NW
General Information
Standard status
Active
Size
1,680 SF
Total Parking Spaces
12
Property subtype
Office
Zoning
MX-M
Amenities
lobby
break room
storage room
restrooms
refrigerated air
Listing Agency:
NAI SunVista
(505) 290-7413
Listed By:
Genieve Posen · License #NM53880
(505) 290-7413
Source:
Carnm.resimplifi
Added: Jul 15
Changed: Aug 30
Last Checked: Aug 30 at 9:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI SunVista
Investment Insights
Based on property information with market context.
This freestanding office building contains 1,680 square feet with a practical layout that includes a welcoming lobby, two large private offices, a break room, a storage room, and two restrooms. Refrigerated air serves the building, while a new metal roof and recently improved asphalt parking lot provide notable physical updates. Approximately 12 on-site parking spaces support the property.
The building occupies a hard-corner position along a retail corridor with reported traffic of 20,900 cars per day. Pylon signage adds an identifiable roadside presence, and the property is zoned MX-M. Its address is 5208 4th St NW, Albuquerque, NM 87107.
The building occupies a hard-corner position along a retail corridor with reported traffic of 20,900 cars per day. Pylon signage adds an identifiable roadside presence, and the property is zoned MX-M. Its address is 5208 4th St NW, Albuquerque, NM 87107.
Key Highlights
- 1,680‑square‑foot freestanding office building
- Two large private offices plus lobby, break room, storage room, and two restrooms
- Refrigerated air throughout the building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,317
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$446,340
$446.3K
Cap Rate 7%
$318,814
$318.8K
Cap Rate 9%
$247,967
$248.0K
Market Conditions
NOI Build-Up for 1,680 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.3K $21.60/SF
− Vacancy
−$6.5K −$3.89/SF
EGI
$29.8K $17.71/SF
− OpEx
−$7.4K −$4.43/SF
NOI
$22.3K $13.28/SF
Area
Albuquerque, NM
Vacancy
18.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$446,340
Cap Rate 7%
$318,814
Cap Rate 9%
$247,967
Alternative Uses
Best Use
Office B
$318.8K
$279.0K – $372.0K
NOI $22,317 @ 7.0% cap · market cap 6.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$406.4K
$355.6K – $474.2K
NOI $28,450 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
776
Businesses Nearby
Explore this area
Business Placement
Demographics for 87107, NM
30,340
Population
13,441
Households
2.3
Avg Household Size
44
Median Age
39%
College-Educated
92%
High-School Grad
14.6 sq mi
ZIP Area
2,078
Density / Sq Mi
$59,663
Median Household Income
$36,392
Median Earnings
$901
Median Rent
$282,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office property with a lobby, private offices, support rooms, and on-site parking along a retail corridor.
Where is this office building located?
The property is located at 5208 4th St NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: 1,680‑square‑foot freestanding office building; Two large private offices plus lobby, break room, storage room, and two restrooms; Refrigerated air throughout the building
